According to sources, the investigation began last year when Kimbal Musk sold Tesla shares worth $ 108 million (CZK 2.4 billion). The sale took place the day before Elon Musk let Twitter users vote on whether to sell ten percent of Tesla’s shares. Users voted in favor and Tesla’s shares subsequently weakened significantly.
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According to the Financial Times, Elon Musk denied telling his brother in advance of his intention to hold a vote. “The idea that I would like to know if my brother could make a few million dollars less from the sale of the shares when the vote on Twitter reduced the value of the shares sold by myself by billions of dollars is completely absurd,” he said.
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Tesla and Elon Musk recently accused the Securities Commission, through their lawyer, of harassing them with endless investigations to punish Musk for openly criticizing the government.
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The allegations were part of a letter that lawyer Alex Spiro addressed to Judge Alison Nathan. In 2018, it approved an agreement to settle allegations by the SEC that Musk had committed fraud with its statements about plans to withdraw Tesla from the stock exchange.
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In the letter, Spiro said that Musk and Tesla expected the settlement agreement to end the harassment by the stock exchange commission. “But the SEC has broken its promises,” he added. “The SEC seems to be persistently targeting Mr. Musek and Tesla primarily because Mr. Musk remains an outspoken critic of the government,” he wrote.
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Musk is the richest man in the world. According to the billionaire index compiled by Bloomberg, the value of its assets now stands at about $ 207 billion (CZK 4.6 trillion). Last December, Time magazine and the Financial Times named Muska Personality of the Year.
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